Egypt: Progress on the Nile

Egypt's pharaohs performed astounding feats of engineering and resourcefulness in constructing the country's ancient monuments, but only ten years ago the modern Egyptian economy did not even produce pins. The situation has improved; Egypt's industrial production has increased 42.6% in the past three years. Last week the improvement was highlighted by the opening of the first industrial fair in Egypt's history. On an island in the Nile, smack in the middle of Cairo, 800 Egyptian firms spread their wares over a 120-acre site behind an entrance framed by a huge arabesque arch.

Egypt is rich in raw materials and relies...

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